Rising home values and declining foreclosure rates indicate a slow but steady recovery for the US housing market. Obstacles remain, however, including negative equity due to 'underwater' mortgages.
Bankruptcy has claimed another victim - this time the entire city of Central Falls in Rhode Island. It was the last resort for the financially troubled city.
One school in Chicago shows the promise and pitfalls of a federal effort to turn around the nation's bottom-tier schools.
As students head back to school, educators nationwide are implementing controversial school reform wrought by Arne Duncan. Pushing competitive market approaches and armed with unprecedented funding and support from the president, he is possibly the most powerful education secretary ever.
Central Falls High School had fired its staff as part of a strategy for failing schools. Now, the Rhode Island school has reached a tentative agreement to keep the staff but make other changes.
Beach High School in Savannah, Georgia, will fire all teachers and then rehire some as part of a plan to improve chronic low performance. The number of schools resorting to mass teacher firings is on the rise.
Education Secretary Arne Duncan announced Thursday that 15 states and the District of Columbia are finalists for Race to the Top education grants. The winners will be chosen in April.
All the teachers at Central Falls High School in Rhode Island were fired by the board of trustees this week. More such cases are likely to arise across the US in the coming year because of pressure from the Obama administration – and the incentive of billions of federal dollars.
When high school teachers refused to work extra hours without pay, Central Falls, R.I., fired them all. Will that improve performance?